321 Southlake Blvd Southlake, TX 76092
This exceptional investment opportunity presents a 3,000 square foot medical office building located at 321 W Southlake Blvd, Southlake, Texas 76092, within a medical condo association. The property, built in 2009, boasts a 100% occupancy rate with a strong, well-reviewed tenant under a 5-year absolute NNN lease featuring a 2% annual rent increase. The current Net Operating Income (NOI) is $93,000, yielding a 7.20% capitalization rate. The asking price is $1,292,000. Situated in a high-traffic area (43,000 vehicles per day) with affluent demographics (average household income $305,667 within one mile), this property offers significant long-term growth potential. The tenant, Curis Functional Health, provides a range of healthcare services, including chiropractic care, mental health counseling, and functional nutrition. The property's location within a medical retail plaza featuring dermatology, oral surgery, and orthodontics further enhances its desirability and stability. This passive investment opportunity offers embedded cash flow growth and a highly sought-after Southlake address. The tenant pays all condo association fees.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.